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kerry of massachusetts. if he had won the presidential election that year, his senate seat would have become open. so the governor of massachusetts, the republican, mitt romney, would have been able to appoint somebody to fill john kerry's senate seat. the massachusetts legislature totally dominated by democrats was cognizant that the governor would probably pick a republican to fill the seat if kerry got elected president. so the massachusetts state legislature decided to change the law. they changed the law so that only a special election could fill a vacant seat. until then, the seat would have to be empty. mitt romney tried to veto that new law. but the legislature overrode his veto, thereby stripping mitt romney of his power to choose a replacement. that became a mute point because john kerry didn't win so he stayed on as senator. but then fast forward fife years. 2009. new president barack obama, the country embroiled in a big debate over national health reform. those against it were against it to the point of rage. and those who wanted it were excited to be on the cusp of achie
term. when barack obama was elected the first time, they summed it up with this head line. "black man given nation's worst job." that was for the start of his first term. might be more apt for second term. the second term is when the job turns out to be a difficult job for presidents. if you go back to woodrow wilson in his second term trying to join the league of nations, that was pretty much the end of wilson. that was his second term. when it was truman in his second term during the korean war, he fired general mcarthur. the country responded by throwing parades for the general who got fired. and harry truman left office with approval ratings that dick cheney would kill for, but for everyone else would see that as a disaster. second terms are almost always seen as a disaster, then at least when the big disappointments happen and often the failures. when the soviet union beat us, when the soviet union beat the united states to put the first space satellite into orbit, when no nation had put something like that -- up in space and had it stick there and the soviets did it first with s
a couple of minutes. but i'm also thankful tonight to be able to report that the election has finally concluded in arizona, where it took them 14 days to count votes and announce the results this year. in the end, it turns out that all three competitive congressional races in that state went to the democrats. but the competitive u.s. senate race for republican jon kyl's old seat, that seat stayed republican. and yes, the county sheriff who did the whole taxpayer-funded stunt about having his cold case posse uncover the fraud of president obama's birth certificate, that sheriff did get re-elected, barely. last time he won by a 13-point landslide. this time he won by much less than that, but did get re-elected. and that public publicity-hungry arizona sheriff is not the only arizona official who has lately been fixated on the president's birth certificate. the arizona secretary of state this year threatened to keep president obama off the ballot in arizona for this year's election. because, you know, kenya, or whatever. and because that is the record of arizona's secretary of state, the
along with a majority in the house and regularly re-electing democratic or republican presidents. i think the best route is for the first one. get this filibuster thing done and get it back to what it was back in the 1930s, when we could all root for jimmy stewart and hope he could be that corrupt political machine we all love to hate in that greatest of all political movies. that's "hardball" for now. thanks for being with us. "politicsnation" with al sharpton starts right now. >> thanks, chris. and thanks to you for tuning in. tonight's lead, the mccain gang wants what it wants. today u.n. ambassador susan rice went to capitol hill to meet with the three republican senators who have been her harshest critics over what she said on sunday talk shows about the attacks on the u.s. consulate in benghazi, libya. it was a meeting ambassador rice requested to try and clear the air. she went to the meetings with the acting cia director. but the republican senators were not swayed, not in the least. in fact, it sounded like they had settled on their talking points. here's what they said aft
the election was all about. john boehner, if he is serious, will have to find out, but he certainly isn't very smart. the congressional budget office estimates, they show that the affordable care act will actually reduce the deficit. it doesn't make a lot of sense to get rid of a deficit reduction program, as part of a deficit reduction deal. the white house already rejected boehner's idea. obama care will not be part of debt negotiations. boehner is up to something here, don't you think? something else, that is. if you watch john boehner closely over the last two weeks, you can see him laying the ground work for the latest ploy. he called obama care the law of the land, but also tried to link it to obama care and the budget. >> you had said, next year, that you would repeal the health care vote. that's still your mission? >> well, i think the election changes that. it's pretty clear that the president was re-elected. obama care is the law of the land. i think there are parts of the health care law that are going to be very difficult to implement. and very expensive. and at a time where we're
, it is authentic. people elected leader but if the americans try to divert the attention of the central issue of how to go about controlling one party or another, this would be a great mistake to peace in the region >> are you concerned that all the dealings here appear to be have been done directly with hamas and not with a wider group? >> president was not absent from the negotiations. of course when there is a fire, it goes to the cause of the fire. but it is part and parcel of the palestinian struggle against the occupation and if we were to look for the future of the cease fire, another mistake would be made. we have to lead with the root cause. the united states of america was right when it started. to give priority to the conflict to put the barometers for that. president obama himself on the 19th of may of last year, when he spoke from the state department he outlines how peace can be achieved. unfortunately, this was not followed by the americans. they kept a blind eye to the measures that were destructive to the peace process. trying to even prevent them from trying to preserve the
stech wents that have re-elected me. >> the pledge is for that congress. if i remember in congress in 1941, i would have signed a declaration of war against japan. the world has changed. >> but grover norquist does not think this world has changed. for republicans, who signed his pledge. >> are you going to want to exact punishment on them in two year, what? >> two things. there have been some, the folks whose pictures you put up there, some have engaged in impure thoughts. they haven't actually voted for a tax increase. we could ask president bush how his second term went after he broke his pledge. did he damage the pledge or by breaking his pledge, he lost a second term for the presidency. >> and this morning, even fox and friends were getting all philosophical about till death do us part pledges. >> i think you get into really difficult situations in relationships in general when you make people sign on the dotted line and then you crucify them if they decide to change their line. i'll bring it back to marriage. marriages don't work when one or both parties stand on both sides o
campaigner. we congratulate him on his re-election. what we don't know is whether he has the leadership qualities necessary to lead his party to a bipartisan agreement on big issues like we currently face. >> reporter: what you're seeing here is a slightly different strategy than we've seen in the past. that's the president focusing more on stakeholders, making his case to the public. bringing business leaders here to the white house, going on the road. and spending less time with lawmakers at least up to this point. >> sounds like a pressure tactic rather than perhaps a negotiation tactic. we'll keep on it, and let us know who else goes through those doors. dan lothian, thank you very much. you know, as we watch this story playing out, each side wants the other to give in. or at least give a little more in the fiscal tug-of-war. in a little less than a couple of minutes now, we'll see what the republicans want from the democrats. and what they might offer to get what they want. n't just listen . listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i wa
that the president has, and i think he said this after the election, his mandate is to protect the middle class and help people enter and stay in the middle class. how do we do that? make sure medicaid is there in the future, that it is as strong and efficient to carry -- >> but he's going to be open to changes to all of this stuff? >> he has a plan on the table, so it's a little bit of a discussion that we've already had. >> let's talk about the politics a minute. the future of obama for america. how much a part of the dnc does it become? how do you do in 2014 what obama for america was incapable of doing in 2010? >> well, let's talk about 2014. those decisions are being made now whether obama for america gets housed at the dnc -- >> could it be a separate organization? >> or it could be a separate organization. i think that coming out of the 2008 election organizing for america, which was really -- >> but you housed it in the dnc. >> right. those decisions are being made now. but i will say that 2012 is a little bit different than 2008. the american people nope the preside president. they kno
with the president since the election, actually since the debates. does this do either of them any good? rick santorum is out front. and julian assange is out front to answer critics and our questions tonight. let's go "out front." >>> good evening, everyone. i'm erin burnett, outfront tonight, an early christmas miracle. or at least the glimmer of one today. barack obama bringing glad ti tidings of great joy to avoid the fiscal cliff. >> i will go anywhere and do anything it takes to get this done. it's too important for washington to screw this up. >> and john boehner, not to be outdone, put a little early present under the tree too. >> i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> these are pretty glum faces to deliver those presents. no smile from either one of them. but investors didn't care, they're excited about the present, the dow gained more than a full percent throughout the day. will we have a true christmas miracle? courtesy of those two. oh, let's hope that they don't wear those hats. i spoke this evening with republic
. and that is to build some public support tap on the good feeling from his re-election to give -- as ryan pointed out. there's some democrats including powerful ones like harry reid that say medicare and medicaid have to be off the table. those democrats do not include president obama who has made it clear he's open to a discussion about medicare and medicaid. and you usually would think there's not enough time to do serious entitlement reform. but the fact is, we've been talking about this set of issues for a year and more, lots of blueprints out there, including simpson/bowles. i think it is possible that will be part of a deal that is reached before the end of the year. >> this morning, dick durbin didn't really want to get into specifics. you aren't hearing a lot of numbers from a lot of people, but did say he was encouraged. take a listen. >> if i sound bland and general at this point, it's exactly to the point he made. when the doors close and we sit down with revenue on one side, entitlements on the other, then we get specific and come up with a bipartisan plan. >> ryan, to susan's point of wh
. these are four state department workers who knew the dangers of what they were involved in. they elected to be there. it is a tragic loss of life, but it's not one that we, you know, obviously as the senator said, this is a terrible intelligence failure. but what is the case moving forward? now that rice has gone up there and done her due diligence with meeting three of her harshest critics, how does she move on from this if she is the one, again, by these three senators be pinned with, well, she was wrong the whole time? >> thomas, that's a good question. i would say that the focus here, i really think should be on what happened catching these terrorists and making sure it doesn't happen again. and i think with this overheated rhetoric, we're missing the point, and that is to really investigate the security around the consulate and then what happened afterwards. and i think that's where we should be focusing our energy. i think that, look, if the president chooses to nominate her to be secretary of state, she's very well qualified. she should be able to receive a fair hearing from in th
first interview since the election, reince priebus, chairman of the republican national committee. welcome back, mr. priebus. how are you? >> doing great, piers. how are you? >> you have been keeping your head below the paraput since the shellacking you guys took in the election. what is your reaction to the pretty poor defeat? >> well, i think that we got to look at everything that we're doing. i think that's what we have to do. i don't think you can draw any quick conclusions other than the fact that we lost and we know that. but i think in order to get back in the game, you've got to look at and do a full autopsy of what happened, what we did well, what we didn't do well, what we can do better in the next year with two governors' races coming up and two years later, then four years from now. so what we're going to do is we want to bring everyone together. leaders from across the country, to look at everything that we've done, come up with a game plan, sort of a four-year plan of what we can do in the communities, out there across america, to do a long sustained year by year cam
talking behind the scenes and president obama has already hosted congressional leaders for a post election sit-down. but the president is also launching a new pr effort, a campaign, some are calling it here, starting with the white house meeting today, of small business owners. then tomorrow, the president hosts more business owners and a group of middle class americans who would be hurt if the tax hikes take effect the first of the year. then friday, a campaign style stop in pennsylvania, a toy factory of all places, highlighting the importance of middle class consumers in this holiday season. but back in washington, senate leaders, they are speaking out. you have democrat harry reid saying the president won the election. and it is time for republicans to fall in line. meantime, republican mitch mcconnell not impressed with the president's plans to go back on the road. take a listen. >> look, we already know the president is a very good campaigner, congratulate him on his re-election. what we don't know is whether he has the leadership qualities necessary to lead it a bipartisan agreement
elected. the only thing i am honoring is the oath that i take when i serve when i am sworn in in january. >> chambliss already made a similar statement last week. the question is is this a real softening of positions? does it give them room to make deal. >> two things. first, let's look at the real room being created. so far i haven't heard anyone say i am willing to raise marginal tax rates as part of a deal. they're arguing with the head of the antitax coalition about whether closing loopholes is breaking the pledge. it is pretty narrow. it does show they're frustrated because they were sent to washington to negotiate, make deals, make things happen and they find themselves ham strung by this guy that voters haven't really heard of and saying who elected him? >> a lot just know they don't want to go off the fiscal cliff. here is the question. if republicans are building to eliminate deductions for wealthy, make the wealthy pay more, is it too far for democrats to push to get rates increased? what's the difference? >> i think the real problem here with democrats as far as democrats are
of palestinian leadership is authentic. the people elected the leader of the palestinian people. but the americans try to divert their attention from the central issue of how to go about making peace in the middle east, and try to concentrate just how to control one party or another, this will be a grave mistake, a disservice to peace and to the stability of this region. >> so are you personally concerned that all the dealings here appear to have been done directly with hamas, and not with a wider group to include president abbas? >> well, president abbas was not absent from these negotiations. of course, when there is a fire, the extinguisher goes directly to the cause of the fire, but it is part and parcel of the palestinian struggle against the israeli occupation. if we were only to look for the future of the cease-fire, this is another mistake will be made. we have to deal with the root cause of the conflict here. the united states of america was very right when it started -- in the latter part of president bush jr., the presidency afterwards, to give the priority to the pal
to hear because it seems that before the election there was actually some uniform opinion this absolutely was going to get done by the end of the year. what changed? >> well, it's so easy to say in general we're going to work this out, talk, and have the nice photo-ops, but when it comes down to dollars and cents it's the same old argument that democrats want to see some kind of an extension of tax cults for those making less than $250,000 a year but not for the wealthy. and the republicans still want to see some proposed cut, some kind of numbers on how they're going to reduce entitlements, especially medicare spending. so we're not close to actually having those kind of talks yet. what we have right now is a pr phase, a public relations phase, where both sides are trying to work the business community or work main street behind their side of the argument. >> and it does seem that we have a split not just about what needs to get done or how we get to this deal, dana, but about the urgency of what would happen if we didn't come to a deal. the white house put out that 14-page report on mon
weeks after the longest, most expensive and exhausting election in u.s. history eyes are turning to 2016 as speculation begins over the next batch of candidates lining up to run for president. >> who could that be? i know it's going to be a surprise. >> i know it is too. we're moving past these dynasties. >> exactly. >> of ruled politics for decades. republican up and comer jeb bush jr. says he would love to see his dad run for president, and rand paul says he's going to follow in his pop's footsteps too and hillary is going to run too. do you have to be related to somebody who has been president of the united states or run for president of the united states to actually do that yourself? >> i think that's what makes the names. here's jeb jr. >> your dad going to run for president? >> i don't know. no comment. i certainly hope so. >> which is it, i don't know or no comment? >> i think it's the i hope so. >> you said, i don't know, no comment, and i hope so, which are all kind of contradictory. >> give me the full loaf of bread right there. >> word is out of florida jeb is lining up for 20
they have a mandate from the election. that is the issue we said is going to be the linchpin for the last three months. it continues to be there. there is no movement on that. and until there's movement on how to come up with that type of revenue, 250 and above, we're going to keep having the same conversation about ongoing negotiations, talking points from both sides. >> luke russert getting down to the nitty-gritty. stephanie, let's get down to the markets. they put our chances of going over the cliff at about 5%. so why is the market freaking out? >> you know the market always wants to be a bull but it doesn't matter what side of the aisle to sit on you. have to agree we're not working with an efficient government right now and we haven't in a very, very long time. and the market, if you remember, the day after the election dropped 300 points. that was the dow. fearing the fiscal cliff approaching. since then it's been very quiet out of washington. we hear a push here arc nudge there, but nothing sizeable is happening. what does the market do, they put their pencils down. we're seeing
: >> it's funny to watch a senator or congressman who got himself elected by promising the citizen of his state that he would go to washington to reform government and not to pay taxes. when the going gets rough he wanted to debt ceiling increase. the same cast of chakts are turns in the homework for the second tyne two years later and there's not a snowball rolling. the good news is the people that gave a commitment to the american voters. for four years president obama has not reined in spending. all he did is demand $1.6 trillion of tax increase so he can spend more money, not reining in spending. we need focus on spending problems because that's the problem we have. >> warren buffett wrote this fascinating piece in the "new york times" today. you're familiar with it today. suppose they come to you with an investment idea. i'm in it. i think you should be, too. would your reply be this? it depends on what my tax rate is on the gain we're going to make. if the tax isn't too high, i'd rather leave the money in my savings account. war len buff set says only in norquist imagine kwis. why a
. after the election, the speaker did say increased revenues were acceptable if coupled with entitlement reform. but will it be supported in the house? that's where grover is seen as more of a legend than a lobbyist. some are signaling the tax debate does not start and end with this old pledge. eric cantor, who was adamant last time about opposing any revenue increase hit that note on msnbc just this morning. >> there's a lot that has been said about this pledge, and i will tell you when i go to the constituents that have re-elected me, it is not about that pledge, it really is about trying to solve problems. john boehner went to the white house ten days ago and said republicans in the house were willing to put revenues on the table. that was a big move. >> by the standards of republican politics, ben, that was a big move. and eric cantor is doing something pretty important there. i just want to say before we go into all of the nitty-gritty details, tell us about what it means for eric cantor to basically reposition this conversation away from grover norquist, who as i said is something
. >> the gop post election fallout continues on a couple fronts. >> the fiscal cliff is getting shorter and shorter. >> voters agreed with me on this issue. >> more than congressional republicans. >> we don't understand. >> americans didn't vote for dysfunction. >> the voters agreed with me on this issue. >> they voted for government that works. >> we don't understand why raising tax rates is the solution. >> can party leaders get a deal? >> impossible. >> all this talk about taxing the rich is nonsense. >> grover norquist. >> you speak of grover norquist. >> he's an entertaining warrior. >> pledge mentality is really on the run right now. >> speaker boehner clearly wants a deal. >> he can't have one arm tied behind his back. >> the top 1%, only 42% of the wealth. >> 48.5 million people lived below the poverty level. >> we should ask the wealthy to start paying their fair share. >> the american sense of fairness, no one should pay more than 25%. >> today's republican party has imploded. >> they are in denial. >> they are looking for someone to blame. >> grover is no longer speaking for
parties discuss ways to solve our nation's massive debt challenge." where after this election does the house speaker if you will get the political capital to take this tact? >> well, at first, i have to point out, it's not just the day after thanksgiving, this is during the lsu game that donna and i are here. >> go tigers. >> arkansas. yes, the big game. now as to john boehner, the issue here is many of the states are opting out of state exchanges. there was a quirk when they passed the law nancy pelosi said you have to pass the law to find out what was in it, what wasn't in it is a funding mechanism for federal exchanges. many of the states are skipping state exchanges paid for by an employer mandate to either fund health care insurance for employees 50 or more or to pay a fine in effect into a state exchange. the language for funding state exchanges isn't there for the federal exchanges. something like 15 to 20 states now are opting for the federal exchange so there's no funding mechanism. so the house has to revisit this. taxing legislation has to come through the house of repre
's not seeking a position in the next cabinet after the election. does this signal anything about the situation vis-a-vis iran since he was one of the most hawkish of the cabinet members on iran? >> no doubt it reflects i'm sure a set of personal considerations for him, but the fact is he has been the architect of the options vis-a-vis iran, he has been the one who basically has outlined why it has to be dealt with, even though he wants to put it in the context of close u.s./israeli relations. ultimately israel has to find a way to deal with it either on its own or with us. >> israel has talked about a ship that's loaded with rockets potentially heading to gaza. so is there another crisis brewing? where do we stand with the cease-fire, where both sides seem to be testing each other the last few days? >> i believe the cease-fire in fact is going to hold. if you look at all three parties who were involved in it aside from the united states, who i think did play a pivotal role at the end. president morsi, the last thing he needs is for something he brokered to break down. it enhances his power. he
our nation's massive debt challenge. >>> a special election following jesse jackson jr.'s resignation from congress. jackson says he needs to spend time, quote, restoring my health. jackson mysteriously disappeared from capitol hill in may and his office later revealed he was dealing with depression and had been diagnosed with bipolar disorder. health concerns aren't the only thing jackson is facing, though. ted rowlands is in chicago. good morning, ted. >> reporter: good morning, carol. yeah. well, the health concerns are significant. he had two stints at the mayo clinic. talking to family members, that was the main reason why he just couldn't move forward. and he gave his letter of resignation to john boehner yesterday. in that letter, though, for the first time -- this is what you were alluding to, carol, he did acknowledge he knows he is the subject of a federal investigation for possible misuse of campaign funds. and in that letter at one point he said talking about that, i'm doing my best to address the situation responsibly, cooperate with the investigators and accept responsib
post election lame duck session and talk about lame, if the senate doesn't act here, if the house doesn't act, if the president doesn't act, in unison, your taxes are going up come january 1st to help raise revenue to pay down the national debt. stay with me here for a moment because we'll show you exactly, you know, how much your taxes will be rising. but here's the thing. it doesn't have to happen, this predetermined jump in income taxes and the new parlor game on capitol hill is to pick the next republican, follow me here who is willing to break a no tax pledge made to a very powerful lobbyist, in order to cut a deal with the democrats to focus the pain of new taxes on the wealthy. see this picture? see these three guys. here is yet another republican speaking just this morning. >> i'm not obligated on the pledge. i made tennesseans aware i was just elected that the only thing i'm honoring is the oath that i take when i serve when i'm sworn in this january. >> so republican senator bob corker is saying his oath of office trumps any no tax pledge made to washington lobbyist grover nor
aoe going to take them out. you guys lost the election. president obama said he was going to raise taxes on the richest 2%. why is this a surprise? that is what happens at the end of the year. it is a little slow. we'll get over that. come january first, they will pass the tax cut for 98% of the people. >> i didn't think this was a mandate. i agree your man won. but jim, the basic deal was, okay, john boehner acknowledging what this was. putting this on the table and he said this a million times in return for some. modest reform. while the biggest stuff waits for next year. if the democrats say it is off the table and if harry reid is trading bars with mitch mcconnel, what is up here. senator durban said, it shouldn't be ps deal. i don't think there is a bar gain to be had. it is a win win for alabama. he is going to get the tax hikes or the rb ares will say no deal and he gets the tax hikes which is what he will prefer anyway. that is a big pot of money he can use for whatever he wants. they are still not going to be a deal. baker, democrats saying there is no problem with social
to run for re-election next year. storm victims have been asking about his plans. >> this weekend, mary pat and i, the kids, had an opportunity to just kind of have a few minutes to ourselves. and we talked about it. and we've decided we're going to seek re-election. and we're wanting to get that going today. so i instructed my campaign treasurer to file papers with the election law enforcement commission to seek re-election. and so -- >> there you have it. christie has been extremely hands on in dealing with the storm damage. that has helped fuel a huge spike in his approval ratings which now hover around 80%. >>> in dewitt county, illinois, reluctantly agreed to a coin flip 14 days after their election ended in a tie. incumbent ferguson called tails. decisive coin flip was more like gambling than democracy, he says. >>> crane on fire starts to collapse with hundreds of people standing below in australia. now we're learning about a connection between that crane and another crane that buckled in new york after superstorm sandy. [ female announcer ] imagine skin so healthy, it never gets
of attention in the days leading up to the presidential election as he repeatedly praised and thanked president obama for doing his job in storm recovery. those high approval marks are also sparking new speculation about a potential presidential run for chris christie in 2016. >>> and speaking of that, another possible republican contender is your friend, go ahead -- >> jeb bush. >> yep. he met yesterday with former staffers near the white house where he reportedly entertained questions about his political future. >> according to "the national review," mika, governor bush sat down with a number of veteran florida operatives along with mitt romney's pollsters. he said mr. bush remained coy about making a run for the white house and instead deflected the focus towards his efforts on educational reform. >> potential candidates are lining up for a chance to fill congressman jesse jackson jr.'s house seat after he resigned amid scandal last week. a special election is set for mid-march but will likely be pushed to april. the son of the famed civil rights leader is currently the target of multiple in
and that has been consistent throughout this election season. i'm bullish. i don't know if it's the turkey or the drink or the redskins victory yesterday affecting me here but i'm bullish that there will be a solution. you have three dynamics here at play. you have a president who is significantly stronger, i think, speaker boehner is stronger inside of his conference. you have republican governors, people like bill kristol who seem to be saying positive things, encouraging things on tax rates which provide a permission slip for republican legislators to be supportive. and then i think the tone inside of washington is markedly different than a year and a half ago on both sides. >> it can all come down to the wording, though, robert, and one of the sticking points remains revenue versus taxes. "the new york times" reports negotiators are looking heavily at the idea of making the wealthy pay more by eliminating their deductions. then you keep the rates the same. so is this a solution that might make everyone happy? democrats say they raise taxes on the wealthy. >> yes, that's exactly what ha
, the list of at that time party candidates who suffered defeat in the last election just keeps growing, founders air that i cause is still very much alive. but with more key members losing their seats in congress, are we see an end to the tea party movement? joining muss is robert zimmerman and cnn contributor and republican strat jill anna navarro. welcome to you both. >> good to be with you. >> anna, a simple question. is the tea party dead? >> no, i don't think it's dead. i think it had a very good year in 2010. this year was not a good for the team party, but if politics, everything swings like a pendulum, and i think it's swinging back to the center, or i hope. i do think the tea party plays an important role in the republican party. we should embrace them. they did a terrific job bringing people out to vote twoiers, but as rpgs it's time we start looking at the primaries. we both some important races, because we didn't pick the right person out of the primary. >> wasn't it because of a tea party? >> i'm not going to blame the tea party for some of the things that todd akin or ric
they get re-elected. they're doing a fine job. saxby, lindsey, call me, no pledges for me. i pledge to help you. >> i think they're doing what they should do, which is their job at representing the people. but l.c., let me ask you this. graham has said that he is open to raising more revenue but only if the democrats are willing to make cuts in entitlement program. so seems like a legitimate request. uncht know what i don't get with this whole discussion? two things. the idea that we're not going to raise taxes but we're going to cut deductions or cap them. that's raising taxes. that's moving a shell game around. we're raising revenue through tax raises. doesn't matter what you call them so long as the result is the same. the other thing i don't get is this notion that democrats are the ones that protect entitlements and republicans are ones that are trying to protect businesses or rich people. i think we've got to get past this oversimplification. there's not a republican in office -- maybe you can correct me -- not a republican is saying we need to get rid of entilgtzmentes. they want to
of things going on in politics as ever. we had regional elections in spain. yields you can see slightly higher, but still well below 6%. now, these regional elections fairly important because we know catalonia has been pushing on on independence. now, it looks less likely we'll get that referendum, but not because people in catalonia are any less eager on a separatist movement. just that they didn't vote for the main guy who is proposing it. they voted for competitor party which is makes it slightly harder in the short term for them possibly to get a referendum going. so eases the pressure in the short term but means there is still a longer term problem there. catalonia is one of those regions that still has very large deficits, as well. so the politics in spain slightly skewed as they will be, but not so much pressure on rajoy at the moment. unlikely to ask for assistance in the short term. we also have another euro group meeting take, back in brussels, yes, i know, we seem to have one every week. they may come up with a long term financing deal for greece. finally talking about debt f
they be equal, necessarily? >> you know, we just had a big election campaign. president ran on the importance of extending tax cuts for middle class families who have been struggling for the last two decades in our economy. and for raising taxes on the top. it's important we address our problems in a balanced way. that's what the president laid out in his budget, which reduces the combined deficit over the next ten years by $4 trillion with a combination of spending cuts and additional revenue. >> but to michelle's point, if you deal with the tax tax portion first, you know, you lose some of the leverage and getting some spending cuts made at some point in the negotiations if you're emphasizing taxes first. do you agree? >> as far as economy goes, what could provide the greatest certainty for the economy right now would be for the house to take up the bill that the senate passed. extend those middle class tax cuts. >> mr. krueger, thank you for joining us. appreciate it very much. >> thank you for having me. >> alan krueger from the white house. in the latest score they're calling them physic
owners are happy with the way their elected representatives are handling this looming threat. >> chief washington correspondent john harwood kicks off our "rise above" road trip with a trip to john boehner's home state of ohio. what are his constituents saying about the situation? >> they're worried about it, michelle. the fiscal cliff is an abstraction to some degree here in washington. they're just behind me at the white house. representatives are meeting with white house officials now. in southwest ohio, john boehner's district north of cincinnati, a tip back into recession would bring very real economic pain. >> oh, i thought -- you did that so well, john. i thought you were leading up to a tape soof some kind. >> i was leelding ileading up f some kind, it's not rolling. >> you fooled them. representatives go back to their home states during a thanksgiving holiday. do you think they got an earful? get something done, compromise, do something, or stand your ground. what do you think the message was? >> yes, i do think they did. it's not a stand your ground message. somebody said th
. their first sit down since the election november 6. tonight's record-breaking powerball jackpot is now up to $550 million. people lining up across the country for their chance to hit it big. if you think you're going to become an instant millionaire, here's a sobering stat. the odds are one in 175 million. those are your headlines. back to you. lori: thank you. melissa: are you sharing your lottery winnings with me? lori: yesterray i was on the fence, but i've decided i should be generous. melissa: in the summer knight capital was fighting for it survival after aaron's trading wiped out money from the balance sheet. but they find themselves in the middle of a bidding war as high frequency trading outfit tries to outbid their arrival. who has the advantage? which has the advantage. >> we report, you decide. i will lay ouu a couple of things. convincing the board to accept an all cash. from $3 plus. we don't know what the plus is, that could be a big thing. they're looking to do this by telling the board members, who actually like the ceo, tom joyce. he corralled the new investors when they
as a result of paying it earlier. >> adelson loses in the election so he realizes rates are going higher so he pays a special -- >> i don't know what the numbers add up to. he spent over -- how many millions did he spend? >> for investors that want to catch the next one, it's a shot in the dark to know who will be -- we're kind of running out of time here. >> the clock is ticking. >> go to one where you have grandkids relying on the dividend. anyone out there? >> it's great point. >> generation skip? >> walton grandkids, $800 million a month in dividends. >> how do you spend all that? >> i don't know. >> but brown forman is a fantastically performing -- a real winner. you may know this as jack daniels. very successful -- very successful growth company. as has bean. these are very, very cash flow spewing companies and they're giving it to you. i love it. i really do. >> it's amazing. >> we talked about it so long ago after the election you started to see it pop one after another. walmart setting the tone. >> returning capital to share holders is a theme. adt as well increasing its share repurch
. our president during the election, he himself embraced the three to one notion and referenced bowles/simpson. i think both sides understand that. i'm not believing that there's that much irresponsibility among leadership in washington. >> let me ask you about entitlements. it's unclear at this point as to whether democrats are seriously willing to put that on the table. if you listen to harry reid, the senate majority leader, it would certainly suggest they're not. the white house itself has said it considers entitlements, social security, and otherwise as a separate issue from the fiscal cliff. house leader eric cantor speaking this morning in washington about that very issue. i want you to listen and we'll talk about it on the other side. >> we have not seen any good faith effort on the part of this administration to talk about the real problem that we're trying to fix. i'm told that mr. bowles, as some of us will meet with him later today, had said earlier this morning there's been no serious discussion by the white house on entitlements, on medicare and medicaid. >> is that where
're part of a group called fix the debt which is calling on our elected officials to step up to solve the nation's fiscal challenges. a eamon javers speaking with them on capitol hill. >> i want to build on what bob pisani just said. there is no question markets are hanging on every word coming out of this capitol hill fiscal cliff debate but i'm not sure markets are getsing this right. listen to the speaker boehner sound bite that rallied the market earlier this morning. then on the other side i want to explain what he was actually saying there. take a listen. >> it's time for the president and democrats to get serious about the spending problem that our country has. but i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> now the market rallied on boehner saying he was optimistic. we saw a nice little balance in the dow jones after those comments came automatic. but the markets should not necessarily be rallying on everyone of these statements because lot of them are simply boiler plate, place holder kinds of statements that memb
that, some say until after the elections. >> jim, thank you very much. >>> at $267 million u.s. prosecutors call it the most lucrative insider trading scheme ever. we get reaction from the judge who presided over the raj raj rat man trial and which tablet will santa be carrying this year? americans are always reado work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this he pursuit of perfection. >>> after years of effort the government now directly linking steven cohen to an insider tradin
the importance of coming together in the wake of the election. also, thanking the troops for their service. and he reminded americans that there are some folks who are suffering in the wake of hurricane sandy. take a listen to a little bit more of what the president had to say. >> it will be a long time before life gets back to normal for them. but in the midst of so much tragedy, there are also glimmers of hope. over the past few weeks we've seen fema personnel and national guard and first responders working around the clock in hard-hit communities. >> now, yesterday, alex, much lighter note. president obama pardoned the official thanksgiving turkey. cobbler and his alternate gobbler, who will live out the rest of their days in mount vernon. two lucky birds. president obama and the first daughters also went to a local food bank to serve the folks there who are in need on this thanksgiving holiday. >> thoughtful gesture on both fronts. kristen, thank you so much. >>> let's get back to the political cease-fire with our panel. hello, guys, glad you're here. happy thanksgiving. >> good mornin
optimistic, a lot are arguing you have fewer people in the middle in both parties as a result of the election and don't have democrats willing to make the concessions of on spending cuts and health care, medicare as you don't have republicans on one side, but i think -- i had bob corker on yesterday or the day before with klim clyburn yesterday and they were praise ing -- clyburn was praising what corker had to say. the president has a lot of leverage. what he said to congressman cummings, don't pack your bags. we're going to be around pore a while. i have alan simpson coming on our show. >> fantastic. >> all right, andrea mitchell. 1:00, thanks. >> thank you so much, andrea. up next, baseball loses marvin miller. if you don't know the name, you ought to know the name. perhaps the most influential figure -- >> absolutely. >> baseball but also in the history of professional sports. mike barnicle will help explain why. sports is next. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. to
up above 13,000 barely on the dow. europe taking stock of spanish elections over the weekend waiting to see if they can agree on the bailout for greece. we start with black friday shopping weekend. numbers look out as we kick off cyber-monday. which retailers crushed it and which ones were crushed? >>> if you were keeping track, the dow added 421 points last week and bulls argue it could add even more if european leaders settle this dispute over greek aid. we'll discuss the potential impact as they meet in brussels right now. >> a big day for analyst upgrades. research in motion, facebook, yahoo! we'll go over those and see why citi needs three analysts to initiate coverage of apple. we'll begin with retail sales picture from this past weekend. 139 million consumers shopped during black friday weekend. that's up from 132 million last year. total spending up to 59.1 billion to 54.4 a year ago. average holiday shopper spending $434 over the weekend. sales on black friday fell 1.8% from the same day a year ago setting the stage for today known as cyber-monday. american shoppers will spe
that the chicago gang meeting was cooking the unemployment numbers. >> who said the election was a sham and a travesty. >> -- call for the march on washington. donald trump? >> armchair billionaires for change. >> martin luther king's march on washington all these years later. >> you know rupert murdoch, right? what do you think? >> we were together last week. >> i told you guys during the break, it's an interesting conversation. but twitter is its own little world where your personality is developed in a way that's almost completely independent of who you are. i have trouble seeing how do you become -- you can be someone wholly independent on twitter doesn't reflect who you are. that's not an excuse for rupert murdoch. >> it's so wrong -- >> really? >> actually twitter -- >> have you ever met somebody in real life that you follow on twitter and you've never met and said that's not who i thought you were? >> i think people no filter right what you get is the unedited not necessarily polite maybe more real version and that they kind of clean up the real when they know they're going to be
-off after the elections. we had sandy to deal with also. this has taken our mind off that which is a nice change of pace for the people on the east coast. so the holiday season gives us something to cheer about. the markets have done their part this week. >> how are we setting up for next week given that next week is going to be a full trading session for one but as i mentioned, washington gets back to business hopefully and maybe gets some work done. >> is it back to business? are we going to expect anything out of them? down here it doesn't seem like we are. i don't want to say that we've lost hope but the fiscal cliff, we don't think it will happen, we really don't. i don't expect anything out of washington. i would look more toward overseas and what they're seeing. things are going to keep falling. >> what matters more to the markets, spain or the fiscal cliff? >> the fiscal cliff is so quiet this week. i'm going to say spain. a bigger linchpin short-term going into next week. >> matt, thank you for stopping by. a special black friday treat for you. sears and kmart president one of th
decimated but gop senators say it is proof rice was putting pre-election spin before national security. >> it was unjustified to give the scenario as presented by ambassador rice and president obama three weeks before an election. >> reporter: ambassador rice, what do you say to republicans who say your comments were politically motivated? rice didn't answer our question but admitted her talking points were, quo, incorrect in a key respect. there was no protest or demonstration in benghazi. while we certainly wish that we had had perfect information just days after the terrorist attack, as is often the case, the intelligence assessment has evolved. we stressed that neither i nor anyone else in the administration intended to mislead the american people at any stage in this process. and the white house had this to say. >> the focus on some might say obsession on comments made on sunday shows seems, to me, and to many, to be misplaced. >> reporter: gop senators also complain rice neglected to ask key questions before telling the public what turned out to be wrong information. >> that's tr
of hamas, even though hamas was democratically elected. there's a lot of people who just want a solution, and want the to get on with their lives and be able to feed their families. unemployment is ridiculously high, 40%. it could be a great city, a coastline, beaches, and yet it is -- there's just no such thing as regular life. >> so when we see them on the streets right now with celebratory gun fire, so happy, they're smiling, they're relieved this is at least for now over. >> to even relieved to be out of their homes. i have not seen those streets crowded like that. there was -- streets were virtually empty at night. you could drive -- if you drive at all at night, extremely fast. and, you know, you never know where a rocket is going to go, because you never knew where hamas may be, where they have an installation, where they have an office. and i think one of the most disturbing images i saw -- and i want to warn viewers, we have images we'll show you, but it is very disturbing to watch. a group of hamas men on motor vehicles dragging the body of an alleged collaborator down a main s
, yeah. larry, what are you going to buy here? >> look at the market since the election. in fact, global stock markets are flat. u.s. stocks are down 2%. that's like nothing. so basically what's happening is this fiscal cliff is holding down a market that's being boosted by what steve said, better economic numbers, not just in the u.s. china's bottom is going up. we've seen better pmi numbers in europe. monetary expansion is pushing asset spriess up. so again, if you believe there's going to be resolve, and it could well go down. i actually think there will be bigger buying opportunities if you go through december 31st with negative rhetoric into the new year. that's when things get really nasty here. i don't learn anything from the sound bites from senator reid or boehner or anybody else. these are just negotiations going on. >> all right. >> unfortunately in public. that's my point. >> that's how it's always done. you are so hopeful, bill. >> larry, steve, i'll see you later. >> it's charming, bill. just charming. all right. we have -- >> that's a code word on her part, by the way. >>
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